Sony is cutting the price of its PS2 by 23% to $99.99 as it tries to keep the momentum going for the older videogame console, which has been selling well despite the introduction of the PlayStation 3 in 2006.
Analysts expect the company to cut prices on that console as well later this year. They expect prices to be lowered by about $100.
Videogame publishers have continued to make new games for the PS2. Sony expects 70 to 80 new titles for the PS2 to come out this year, with another 70 to 80 titles released in 2010.